Mises Wire

As egg prices rise, the usual progressive suspects claim it is due to monopoly power by egg producers, calling for government intervention. However, the real reason is government intervention itself.

Trump has even dubbed himself “a Tariff Man.” This is nothing new, however, his frequent claims regarding the US economy during the Gilded Age need scrutiny.

When politicians claim they are “creating jobs,” they usually mean hiring people for tax-funded government employment. Jobs in private enterprise, however, help to create real wealth and contribute to economic growth and higher living standards.

If we accept the Peronist views of the late pontiff, we obviously cannot support the marketplace. But fortunately, there is a better option available to us.

The California Bullet Train has become the Eternal Project That Won‘t Go Away no matter how big a failure it has become. Political inertia is a powerful force and California politicians have used it to deceive voters and taxpayers, who will face a reckoning.

South Vietnam ceased to exist as a separate country 50 years ago. What followed was an object lesson on the failures of socialism, as Marxist ideology turned Vietnam into one of the world's poorest countries. Vietnam‘s “second revolution” was successfully embracing a market economy.

The first 100 days of the second Trump administration have made it clear that those who want the foreign policy status quo to continue are serious about doing what it takes to accomplish their goals, while those who want to change it are not.

Higher education has become unaffordable and its curriculums hopelessly politicized. We should remember that all of this is a result of programs developed more than a half-century ago to make higher education more accessible.

When modern progressives claim to support equity, what they really mean is the confiscation of wealth and transferal of private property to politically-favored groups. These policies have a sorry history from Reconstruction and continued through the 20th century communist regimes.

Carl Menger wrote, “All things are subject to the law of cause and effect.” Unfortunately, modern academic economists all too often confuse correlation of economic phenomena with causality.